TC Energy Co. (NYSE:TRP) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in TC Energy Co. (NYSE:TRP - Free Report) TSE: TRP by 39.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 183,933 shares of the pipeline company's stock after purchasing an additional 52,495 shares during the period. DekaBank Deutsche Girozentrale's holdings in TC Energy were worth $7,151,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ausbil Investment Management Ltd purchased a new stake in TC Energy during the 3rd quarter valued at $5,419,000. National Bank of Canada FI boosted its position in TC Energy by 68.2% during the 3rd quarter. National Bank of Canada FI now owns 19,993,928 shares of the pipeline company's stock valued at $668,801,000 after buying an additional 8,103,785 shares during the period. Addenda Capital Inc. boosted its position in TC Energy by 2.5% during the 4th quarter. Addenda Capital Inc. now owns 1,089,146 shares of the pipeline company's stock valued at $42,575,000 after buying an additional 26,711 shares during the period. Morgan Stanley boosted its position in TC Energy by 42.5% during the 3rd quarter. Morgan Stanley now owns 6,821,231 shares of the pipeline company's stock valued at $234,719,000 after buying an additional 2,034,846 shares during the period. Finally, Mondrian Investment Partners LTD boosted its position in TC Energy by 9.3% during the 3rd quarter. Mondrian Investment Partners LTD now owns 7,231,694 shares of the pipeline company's stock valued at $248,843,000 after buying an additional 618,040 shares during the period. Hedge funds and other institutional investors own 83.13% of the company's stock.

Analysts Set New Price Targets

TRP has been the subject of several analyst reports. TheStreet raised shares of TC Energy from a "c+" rating to a "b-" rating in a research report on Wednesday, March 20th. The Goldman Sachs Group upped their price objective on shares of TC Energy from $29.00 to $32.00 and gave the stock a "sell" rating in a report on Friday, January 26th. Barclays upped their price objective on shares of TC Energy from $53.00 to $55.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Stifel Nicolaus assumed coverage on shares of TC Energy in a report on Thursday, January 18th. They issued a "buy" rating for the company. Finally, Jefferies Financial Group assumed coverage on shares of TC Energy in a report on Tuesday, February 27th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $48.83.

TC Energy Stock Down 1.0 %

Shares of TC Energy stock traded down $0.38 during trading on Thursday, hitting $36.78. The company's stock had a trading volume of 5,489,371 shares, compared to its average volume of 2,806,327. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 0.96. The company has a fifty day simple moving average of $39.35 and a two-hundred day simple moving average of $37.94. The company has a market capitalization of $36.78 billion, a PE ratio of 18.12, a P/E/G ratio of 3.18 and a beta of 0.75. TC Energy Co. has a 52 week low of $32.51 and a 52 week high of $42.76.

TC Energy (NYSE:TRP - Get Free Report) TSE: TRP last issued its quarterly earnings results on Friday, February 16th. The pipeline company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.20. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.93 billion. TC Energy had a net margin of 18.25% and a return on equity of 18.60%. Equities research analysts predict that TC Energy Co. will post 2.99 earnings per share for the current year.

TC Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.714 per share. This is a positive change from TC Energy's previous quarterly dividend of $0.67. This represents a $2.86 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date is Wednesday, March 27th. TC Energy's dividend payout ratio (DPR) is currently 139.41%.

TC Energy Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.